ABC company is a new business that is applying for workers compensation insurance for 20...

80.2K

Verified Solution

Question

Accounting

image
ABC company is a new business that is applying for workers compensation insurance for 20 employees who are classified as clerical employees. The manual rate is $0.3 per $100 of payroll. ABC average compensation is $50,000 per employee. Please calculate the basic premium that would be charged for ABC 's 20 clerical employees, ignoring any additional rating factors that might apply

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students